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SEGMENT REPORTING (Reconciliation of Income Before Taxes) (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Economic net income        
Income (loss) before taxes $ 241,097 $ 84,383 $ (55,316) $ 220,343
Adjustments:        
Equity compensation expense 28,683 24,029 61,240 51,581
Consolidated Funds        
Adjustments:        
(Income) loss before taxes of non-controlling interests in Consolidated Funds, net of eliminations 85,186 8,346 (81,220) 25,970
Total investment income - realized (116,314) (102,206) (229,539) (195,390)
Operating segment        
Economic net income        
Income (loss) before taxes 241,097 84,383 (55,316) 220,343
Adjustments:        
Depreciation and amortization expense 6,319 5,221 11,861 11,045
Equity compensation expense 28,683 24,029 61,240 51,581
Transaction support expense 3,188 4,207 6,325 5,980
Deferred placement fees 10,320 12,432 15,735 12,953
Other expense, net 0 2 0 1
Total performance (income) loss-unrealized (257,303) (98,662) 130,354 (245,237)
Total performance related compensation - unrealized 200,064 67,459 (85,828) 174,762
Total investment (income) loss-unrealized (27,683) 2,990 72,950 (8,215)
Realized income 168,637 148,595 367,020 306,901
Total performance income - realized (44,625) (35,994) (196,395) (104,567)
Total performance related compensation - realized 37,044 25,229 155,037 74,446
Total investment income - realized (11,107) (6,940) (24,878) (21,325)
Fee related earnings 149,949 130,890 300,784 255,455
Operating segment | Consolidated Funds        
Adjustments:        
(Income) loss before taxes of non-controlling interests in Consolidated Funds, net of eliminations (85,188) (8,079) 81,190 (25,124)
OMG        
Adjustments:        
OMG expense, net 52,890 53,680 111,762 107,003
Realized income 53,389 54,284 117,627 107,958
Total performance income - realized 0 0 0 0
Total performance related compensation - realized 0 0 0 0
Total investment income - realized 397 416 6,904 797
Fee related earnings (52,992) (53,868) (110,723) (107,161)
Subsidiaries | Operating segment        
Adjustments:        
(Income) loss before taxes of non-controlling interests in Consolidated Funds, net of eliminations $ (3,750) $ 933 $ 16,747 $ 1,809